Hotel Apartments for Sale in Istanbul can be found mostly in the developing areas around the city. The concept of hotel apartments is relatively new to Istanbul and most of the available options started to be delivered within the last few years. Hotel apartment’s concept has proved to be a successful investment all around the world and, have started to be developed in Istanbul especially, after constructing Istanbul’s new airport and the massive number of tourists visiting the city from all around the world every year. The hotel apartment concept provides its tenants with the ability to stay in fully featured and furnished apartments rather than staying in small studios, this concept is highly demanded among tourist families with many members. It would be quite difficult for tourists to find a furnished apartment and rent it for a few days but, these modern stylish hotel apartments’ towers are quite suitable for them. There are several types and sizes for hotel apartments in Istanbul starting from one bedroom to large 3 bedrooms.
The concept of hotel apartment has been trending recently in Istanbul and it is growing rapidly, with a huge number of tourists visiting the city every year the demand for hotel apartment is increasing sharply. It is important to know that İnvesting in such an option is suitable for investors who are interested in pure investment in the first place. These commercial units are suitable to be rented for tourists and generate an income for the investor so, it can’t be used personally by the investor. It is worth mentioning that, owners of the hotel apartments are allowed to stay in the hotel around 2 weeks every year for free as a privilege for owning an apartment in the hotel.
Price for hotel apartments in Istanbul are higher than the residential apartments for many reasons; The hotel apartments are considered to be commercial units not residential and, it is well known all around the world that commercial units are more valuable than the residential ones. The returns on the hotel apartments are way higher than renting the residential units. The hotel’s brand name value has to be put into account when evaluating a hotel apartment unit and when buying a brand name the value should be higher than an ordinary residential property. Hotel apartments have a professional managing party who would be responsible for renting and operating the property on behalf of the investors.
For overseas investors having professional management taking care of renting and managing the property would be a massive advantage. Foreign investors don’t have the required experience and time to manage and operate the property as efficiently as professional management can be. Additionally, many of the foreign investors won’t be relocating to Istanbul in the first place thus, investing in a property with an existing professional managing partner is an ideal alternative for foreign investors who are interested in pure investment.
Guaranteed income means that this investment is risk-free, it grants cash flow and, suitable for investors who prefer to get direct and stable returns for the invested capital. Having an official guaranteed income agreement means that the investors will receive the agreed returns within the agreed duration without being responsible for managing the property or being exposed to any potential risk for this particular investment. Overall it can be said that this type of guaranteed income protects the investors from all the risks involved within the investment’s process.
Apart from the guaranteed income and the appreciation value provided to the investors by investing in the hotel apartments, the investors will have the chance to stay two weeks for free in these hotels every year. This chance is being offered to the hotel apartment’s investors as a compensation for not being able to use these commercial properties themselves.
In most cases Istanbul’s hotel apartments are located in the northwestern part of the European side of Istanbul, they are located in areas such as (Basin Express, Bahçeşehir and Esenyurt). The reason for this can be related to the location of Istanbul’s new airport. The previously mentioned areas are the closest to the new airport with many subway lines passing through them to reach the new airport thus, these areas are considered to be the most suitable for constructing hotel apartments. It is worth mentioning that the appreciation value in these developing areas is increasing dramatically thus, the investor has the chance to gain not only a guaranteed rental income but, also with a remarkable appreciation value for their properties as time passes by.
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